ANZ Half Year Results For 2014 Beat Analysts’ Expectations

MELBOURNE – 1 May 2014 – The Australia and New Zealand Banking Group Limited (ASX: ANZ) revealed today its record financial results for the half year ended 31 March 2014. Commonly called ANZ, the bank saw its profits rose to $3.4 billion that is up 15% against the same period last year. ANZ also saw its cash profit go up by 11% to reach $3.5 billion in the same period.

Image from heraldsun.com.au
Image from heraldsun.com.au

Increase Dividend

In the meantime, ANZ’s fully franked interim dividend has been increased to 83c, that’s an increase of 14%. ANZ revealed that it is going to pay a total of $2.3 billion to its shareholders for this interim period.  ANZ said that its increased dividend reflects its “stronger performance and a gradual rebalancing towards a more even split between the Interim and Final Dividend amounts”.

ANZ Chief Executive Officer Mike Smith said that the bank’s results show that it is making headway in its long-term strategy for its core franchises in Australia, New Zealand, and Asia Pacific.

Smith also said that the bank’s profits from Asia Pacific, Europe and Americas have also increased to a whopping 43%. Smith said the increase is “based on significant growth in customer numbers and in products that support regional trade and investment flows such as foreign exchange, cash management and trade finance.”

 

ANZ Goes Digital

The bank said more than half of ANZ’s customers are using online apps to transact business with it. ANZ said that it has 1.1 million active customers for its ANZ goMoney. ANZ also said there were $78 billion in goMoney transactions that have been processed to date.

ANZ also revealed that it has the topped the free finance app in New Zealand App Store and Google Play sites.

 

David Gonsk New ANZ Chairman Today

David Gonski is the new Chairman of the Board of ANZ. John Morschel has retired from the board yesterday. Gonski had been an ANZ director from 2002 to 2007. To have a smooth transition, Gonski and Morschel had been working together since February.

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